BP is preparing to sell its stake in a joint venture with TNK to Rosneft in an effort to rescue the landmark deal with the Russian state oil company, the Wall Street Journal has reported.
BP's troubled deal with state-controlled Russian oil company Rosneft has fallen through.
HSBC's Douglas Helfer, manager of the £240m GIF Russia Equity fund, has boosted his overweight position in energy since the start of the year, funded by profit-taking in materials.
The soaring price of West Texas Intermediate (WTI) oil is set to hit $90 dollars a barrel this year, adding 20% to the earnings forecasts of Russian oil producers, says HSBC.
Elena Shaftan is the head of Jupiter's emerging European team and manager of the £626m Emerging European Opportunities fund with Ingrid Kukuljan. Here she explains her fund positioning, why she does not subscribe to the ‘bigger fool' theory, and why the...
Turkey is unlikely to suffer any contagion effects from the events in Egypt, says Jupiter's Elena Shaftan, but she warns the most dangerous time for investors will be after the country's next election on 4 June.
BP's three Russian billionaire partners have filed for an injunction in London to stop the British company jumping into bed with their Kremlin-backed rival Rosneft, the Telegraph reports.
Russia is now in the same investment risk category as DR Congo, Sudan and Iraq, according to research from risk analysis firm Maplecroft.